Domestic gold futures decline to ₹1,46,385/10gm
On MCX, the yellow metal contracts for December delivery traded lower by ₹419, or 0.29 per cent, at ₹1,46,385 per 10 grams in a business turnover of 1,608 lots.
Gold futures prices in India fell to ₹1,46,385 per 10 grams on Tuesday due to reduced spot demand, according to the Multi Commodity Exchange. The December delivery contracts for yellow metal experienced a decline of ₹419, or 0.29 percent, trading at ₹1,46,385 per 10 grams. The business turnover for these contracts stood at 1,608 lots.
Analysts cited the dip in spot demand as the reason behind the decrease in precious metal prices. Meanwhile, gold futures worldwide surged by 0.23 percent, reaching $4,125.32 per ounce in New York.
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